Orders of the Day — Consumer Credit Bill

Part of the debate – in the House of Commons at 1:00 pm on 9th June 2005.

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Photo of Adrian Bailey Adrian Bailey Labour, West Bromwich West 1:00 pm, 9th June 2005

Surely the hon. Gentleman recognises that about 80 per cent. of household debt is mortgage debt. As a proportion of monthly income, it amounts to only 7 per cent. under this Government, whereas it amounted to 15 per cent. under the previous Conservative Government.